Business
The Joint Corp. Thanks Retiring Board Member James H. Amos, Jr.
SCOTTSDALE, Ariz., March 13, 2023 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), a national operator, manager, and franchisor of chiropractic clinics,
About this update from The Joint Corp.
[{"type":"text","content":"SCOTTSDALE, Ariz., March 13, 2023 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ: JYNT), a national operator, manager, and franchisor of chiropractic clinics, announced James H. Amos, Jr. has notified the company that he will complete his term on May 25, 2023 and not stand for reelection at the company’s 2023 Annual Meeting of Stockholders scheduled for that day. The board membership will be reduced to six until a replacement is appointed or elected. Lead Director of The Joint Matthew Rubel stated, “We thank Jim for his leadership since 2015. During his tenure, Jim’s counsel as a board member was key in helping the company transform itself into the leading provider in high quality chiropractic care in the U.S. with over 800 clinics. On behalf of the board of directors, management, and fellow stockholders, I would like to express our gratitude to Jim for his service and contributions. We wish him the best in his endeavors.” Mr. Amos, stated, “I believe in The Joint’s ability to revolutionize access to chiropractic care. I have been honored to work with this board and management team, and I am proud of our accomplishments. Since joining the board, the company’s system-wide sales increased sixfold from $70.1 million in 2015 to $435.3 million in 2022. Management has built a strong foundation, and I look forward to watching them execute their growth plans.” Forward-Looking StatementsThis press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of industry trends, our future financial and operating performance and our growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include, but are not limited to, our inability to identify and recruit enough qualified chiropractors and other personnel to staff our clinics, due in part to the nationwide labor shortage, which may limit our growth strategy and further incr...